Exhibit 99.1

 

News Release

USA Compression Partners, LP

100 Congress Avenue, Suite 450

Austin, Texas 78701

www.usacpartners.com

 

USA Compression Partners, LP Achieves Record Revenues and Adjusted EBITDA;

Reports Fourth Quarter and Full Year 2012 Results and 2013 Outlook

 

AUSTIN, Texas, February, 25, 2013 (Business Wire)

—USA Compression Partners, LP (NYSE: USAC) (“USA Compression” or the “Partnership”), announced today its financial and operating results for the fourth quarter and full year 2012.

 

Fourth Quarter and Full Year 2012 Summary Results

(in thousands except operational data and percentages)

 

·                  Record levels of revenue for both the fourth quarter of 2012 and the full year 2012

·                  Record levels of Adjusted EBITDA for the full year 2012

·                  Contract operations revenue in fourth quarter 2012 increased 23.7% over fourth quarter 2011

·                  Gross operating margin, as a percentage of revenue, improved from 59.3% in the fourth quarter 2011 to 68.9% in the fourth quarter 2012

·                  Increased size of fleet horsepower by 27.3% from year-end 2011 to year-end 2012

 

 

 

Three Months Ended

 

Year Ended

 

 

 

December 31,

 

December 31,

 

 

 

2012

 

2011

 

2012

 

2011

 

Operational Data

 

 

 

 

 

 

 

 

 

Fleet Horsepower at period end

 

919,121

 

722,201

 

919,121

 

722,201

 

Revenue Generating Horsepower at period end

 

794,324

 

649,285

 

794,324

 

649,285

 

Average Revenue Generating Horsepower

 

792,368

 

628,903

 

749,821

 

570,900

 

Revenue Generating Compression Units at period end

 

978

 

888

 

978

 

888

 

Horsepower Utilization at period end (1)

 

92.8

%

95.7

%

92.8

%

95.7

%

Average Horsepower Utilization for the period (1)

 

92.9

%

94.7

%

94.5

%

92.3

%

 

 

 

 

 

 

 

 

 

 

Financial Data

 

 

 

 

 

 

 

 

 

Revenue

 

$

31,771

 

$

28,394

 

$

118,787

 

$

98,720

 

Average Revenue Per Horsepower Per Month

 

$

13.39

 

$

13.67

 

$

13.39

 

$

14.07

 

Gross Operating Margin

 

$

21,903

 

$

16,846

 

$

80,991

 

$

59,115

 

Adjusted EBITDA

 

$

16,808

 

$

14,125

 

$

63,484

 

$

51,285

 

Distributable Cash Flow

 

$

9,183

 

$

5,910

 

$

34,928

 

$

22,789

 

Gross Operating Margin Percentage

 

68.9

%

59.3

%

68.2

%

59.9

%

Adjusted EBITDA Percentage

 

52.9

%

49.7

%

53.4

%

51.9

%

 


The following information was filed by Usa Compression Partners, Lp (USAC) on Monday, February 25, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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